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According to USTR The US is considering higher EU tariffs after WTO rulling The WTO back in October authorized the US to go ahead with tariffs worth billions of dollars on EU goods. The hope at the time was that it would bring both sides to the table to negotiate a fairer trade deal. However, a US trade representative is saying  the WTO
Early close due to the US holiday The S&P 500 fell 12 points to 3141, finishing just 2 points above the session low. Selling accelerated on reports about more more sanctions on Huawei along with a brutal day in energy. Even with today’s fall, the index posted a sparkling 3.3% climb in the month. ForexLive
Another macro fund bites the dust Bloomberg reports that Stone Milliner Asset Management is shutting down its macro hedge fund after poor returns and redemptions. The London-based firm oversees about $3 billion, down from $6 billion at its peak. Investors have taken $88 billion from hedge funds this year, double what was withdrawn in 2018
Ray Dalio from Bridgewater Associates responsed to WSJ article It was reported by the Wall Street Journal earlier today that Ray Dalio from Bridgewater Associates had a 1.5 billion bearish option position on the S&P and Eurostoxx 600 index.   Dalio is out with a tweet debunking the story. He tweets:   Even if he did, or does,  have a 1.5 billion option